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Difference between revisions of "Introduction to Debtors' Options (10:IV)"
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Introduction to Debtors' Options (10:IV) (view source)
Revision as of 05:15, 26 August 2016
, 05:15, 26 August 2016no edit summary
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=== 3. Consequences of Contravention of the Business Practices and Consumer Protection Act === | === 3. Consequences of Contravention of the Business Practices and Consumer Protection Act === | ||
Where there is evidence of misconduct by the debt collector, the Director may suspend, cancel, or refuse to issue their | Where there is evidence of misconduct by the debt collector, the Director may suspend, cancel, or refuse to issue their licence (s 146(1)). Such conduct includes (s 146(2)): | ||
*a) contravening this Act or regulations; | *a) contravening this Act or regulations; | ||
*b) failing to meet the minimum requirements for a | *b) failing to meet the minimum requirements for a licence; | ||
*c) conduct by the debt collector that shows that they are unfit to have a | *c) conduct by the debt collector that shows that they are unfit to have a licence; or | ||
*d) being convicted of an offence under Canadian law. | *d) being convicted of an offence under Canadian law. | ||
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== D. Credit Reporting Agencies == | == D. Credit Reporting Agencies == | ||
Businesses offering goods or services on credit often rely on credit bureau reports for financial and prior debt information on their customers. | Businesses offering goods or services on credit often rely on credit bureau reports for financial and prior debt information on their customers. See ''Business Practices and Consumer Protection Act, ss'' 106-112. | ||
The ''Business Practices and Consumer Protection Act'' regulates the activities of the credit bureaus in order to minimize unfair treatment of the party seeking credit. Federal legislation, such as the ''Personal Information Protection and Electronic Documents Act'' [''PIPEDA''] and the ''Privacy Act'', also outline the requirements for organizations in their use, collection, and disclosure of personal information in their business practices. Credit information that these bureaus can disclose is the most common type of personal information, and includes one’s: | The ''Business Practices and Consumer Protection Act'' regulates the activities of the credit bureaus in order to minimize unfair treatment of the party seeking credit. Federal legislation, such as the ''Personal Information Protection and Electronic Documents Act'' [''PIPEDA''] and the ''Privacy Act'', also outline the requirements for organizations in their use, collection, and disclosure of personal information in their business practices. Credit information that these bureaus can disclose is the most common type of personal information, and includes one’s: | ||